As a part of the better relationship with the customer, various housing finance and Reserve Bank of India has decided to keep out the prepayment charges on the home loans in which are in the mode of floating rate. This obviously will be a breath of relief for those maintaining an Equated Monthly Installment (EMI) mode of payments to their bank debts. It was the hot topic in the mortgage market for several month since the bank were charging a additional of 2 percent on the un paid loan amount incase borrower is capable to pay the pending before the due date.

The moral of seeking for a home has been changed in due course of time as it was the retirement time normally selected for a private space, but now a lust for a home been observed at the very younger age of the job life due to the high pay and parks to the corporate employees. Most importantly Pune is gearing up for a better IT hub in recent years generating enormous opportunities for the home loans and other financial attachments.